For viewings or for more information

The property is prominently located on Albion Road (A193) within close proximity of North Shields town centre and offers easy access to both the Beacon Centre and Bedford Street. Albion Road is one of the major vehicular routes in to the town centre and the building has a high degree of prominence to passing motorists.

The property is well positioned for access to the region’s road network with the Coast Road (A1058) being one mile to the north-west and linking to the A19. North Shields Metro Station is a five minute walk to the south-west, offering access to Newcastle City Centre and the wider Tyneside conurbation.

Share this post:

The property comprises an attractive end-terrace, two-storey building of traditional brick construction, beneath a pitched slate covered roof. The front elevation has a painted timber shop front to the eastern side of the building at ground floor level, with two plate glass display windows and a customer entrance. The property has three further entrances to the front and one entrance at the rear which leads to a private tarmac surfaced parking area.

The building currently provides functional retail/office accommodation with associated kitchen facilities, WC and stores. Internally, the property is finished to a reasonable standard to the following specification:

Plastered and papered walls and ceilings with strip fluorescent lighting

Category II lighting to the ground floor retail unit

Gas fired central heating system

Kitchen facilities

Intercom entry system to the first floor

Separate WC’s at ground floor and to first floor offices

Steel shutters to frontage

8 off-street parking spaces

Modern sash effect uPVC double glazed windows throughout

Use

The property is currently used as a retail unit to part of the ground floor with offices to the remainder but would suit a variety of other uses subject to planning. There are four entrances in to the building off Albion Road, indicating that the property may have originally comprised four Tyneside flats and there is obvious potential to convert the accommodation back to residential use. There is also developable land at the rear of the property, which would enable the property to be significantly extended whilst also retaining the majority of parking spaces currently available (subject to planning).

Toilet Facilities

Intercom Entry System

Kitchen

2-Storey

Parking

Central Heating

Display Windows

Steel Shutters

Tenure

The property is currently part let to DL Mole (t/a Hunters Estate Agents) on a five year effective FRI tenancy agreement at an annual rental of £6,500pa. The three remaining parts of the building are vacant. Based on a conservative estimate of achievable rents for three two bedroom flats, we estimate that the property would have an ERV (upon conversion) of £24,000pa+.

Price

We are instructed to seek offers at the reduced price of £160,000 for the freehold interest.

Energy Performance

Important Notice

Dunlop Heywood gives notice to anyone who may read these particulars as follows:

1.These particulars are prepared for the guidance only of prospective purchasers. They are intended to give a fair overall description of the property but are not intended to constitute part of an offer or contract. 2. Any information contained herein (whether in the text, plans or photographs) is given in good faith but should not be relied upon as being a statement or representation of fact. 3. Nothing in these particulars shall be deemed to be a statement that the property is in good condition or otherwise nor that any services or facilities are in good working order. 4. The photographs appearing in this brochure show only certain parts and aspects of the property at the time when the photographs were taken. Certain aspects may have changed since the photographs were taken and it should not be assumed that the property remains precisely as displayed in the photographs. Furthermore no assumptions should be made in respect of parts of the property which are not shown in the photographs. 5. Any areas, measurements or distances referred to herein are approximate only. 6. Where there is reference in these particulars to the fact that alterations have been carried out or that a particular use is made of any part of the property this is not intended to be a statement that any necessary planning, building regulations or other consents have been obtained and these matters must be verified by any intending purchaser. 7. Descriptions of a property are inevitably subjective and the descriptions contained herein are used in good faith as an opinion and not by way of statement of fact.

For viewings or for more information

Request more info

Book a test drive

Make an offer

Dunlop Heywood

Dunlop Heywood is a commercial property consultancy based in London, Manchester, Liverpool, Leeds, Newcastle Upon Tyne and Belfast. The Dunlop Heywood team work with leading organisations across the private and public sectors delivering services tailored to client’s specific requirements.